Thank you for your comment. I never added the asset because it was a vehicle loan so I didn't feel we had an actual asset until the loan is paid off. So, nothin...
I do have the loan set up as a long term liability. My question was how to remove it from the system. We sold the vehicle and received $988 (check). So the JE i...
What if I never recorded an asset and only a note payable for the vehicle loan?We received a check for $988.43 for the sale of the van and the amount of the loa...
What if I never recorded an asset and only a note payable for the vehicle loan?We received a check for $988.43 for the sale of the van and the amount of the loa...
